On September 25-27, 2025, during the 8th Next Summit (Jakarta 2025),Lv Xiangdong, President of Fareast Credit Rating Co., Ltd(hereinafter referred to as “Fareast Credit”), was invited to lead a delegation to visit government departments and institutions such as the National Research and Innovation Agency, Ministry of Finance, Ministry of Investment and Downstream Industry, Coordinating Ministry for Infrastructure and Regional Development, Acceleration of Poverty Reduction Agency, and PT Jababeka Tbk in Indonesia.
During the discussion and exchange, Fareast Credit Delegation had in-depth and pragmatic discussions with Indonesian stakeholders on topics such as sovereign rating, international investment, RMB internationalization, green finance, economic and trade exchanges, cross-border credit cooperation, and panda bonds. The talks not only focused on the existing cooperation achievements in bilateral finance, credit and other fields, but also emphasized the exploration of future cooperation directions and potential opportunities, especially in the areas of mutual recognition of credit rating systems, integration of green and sustainable financial standards, and facilitation mechanisms for cross-border financing. All parties have shown high attention and positive willingness to cooperate. As an important economy of ASEAN, Indonesia is actively promoting capital market reform and sustainable development strategies, which is highly in line with the opening up and internationalization process of China’s capital market, creating favorable conditions for cooperation between the two countries in rating services, credit system construction, and innovation of green financial products. According to the Guidance on Cooperation Planning under the Framework of Jointly Building the “the Belt and Road” Initiative and the “Global Marine Fulcrum” Concept, China and Indonesia have broad prospects for development and cooperation in infrastructure construction, capital market connectivity, green energy and digital economy, technological innovation and development and other fields.
